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longshort
Jul 25, 2013 10:15 AM

HUI: Best chance since 2000 or 2008 to go long? [Update II] Long

NYSE ARCA GOLD BUGS INDEXNYSE

Description

Price Action: Yesterday HUI had a STRONG pullback from Fibo RL 61.8% (and new violet resistance line) at [1]!
Risk Mgmt: Raised Stop Loss to entry level to eliminate loss.
Correlation: Added Gold Trust for comparison: While GLD has like HUI broken above steep declining resistance line, it NEEDS to jump back above 9y support line as well, watch this closely...

Comments
ShahrozLodhi
sir good one
...can you briefly explain me that what is risk managment
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